• Loading stock data...
Friday, March 29, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

The Big Difference in This Year’s Betting

  • An estimated $4.3 billion will be wagered on Super Bowl LV.
  • In-person bets at sportsbooks are down 61%.
Kim Klement-USA TODAY Sports

The pandemic will unsurprisingly lead to fewer and smaller Super Bowl parties, but gambling on the game is expected to take a rare nosedive as well.

Though an American Gaming Association survey estimates $4.3 billion in wagers for Super Bowl 55, the number is a staggering 36.7% drop from last year’s showdown.

The survey of 2,198 adults showed 7.6 million people plan to place a bet with an online sportsbook for Super Bowl 55, a 63% increase over a year ago.

But a 61% downturn in bets made at in-person sportsbooks, and a 21% drop in illegal bets, largely cancel out those additions. Moreover, fewer Americans are expected to play in Super Bowl pools among friends and coworkers.

Some insiders, however, are optimistic about the legal uptick.

“While the pandemic certainly put a damper on in-person and social bets, this year’s Super Bowl will [still] draw the largest single-event legal sports betting handle in U.S. history,” Bill Miller, president and CEO of the AGA, told Front Office Sports.

U.S. sports betting is now legal in 21 jurisdictions — seven more than in February last year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The NFLPA Report Card Is Doing Exactly What It Was Intended For

Robert Kraft hasn’t gone to school in nearly 60 years, but on Tuesday the Patriots’ owner found himself talking about his report card. 

How Lack of Planning by NCAA, Gonzaga Led to Racial Abuse of Utah Athletes

The NCAA gave Gonzaga a waiver to place teams in an extremist hotbed.

NCAA President Calls for Nationwide Ban on College Prop Bets

The NCAA president is reacting to the recent betting turmoil in sports.

It Remains Unclear Which Authorities Shohei Ohtani Has Reported Theft of Millions to, If Any

A federal investigation is ongoing, but it’s not clear what it covers.
podcast thumbnail mobile
Front Office Sports Today

Why the Timberwolves Sale was Called Off

0:00
0:00

Featured Today

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.
March 27, 2024

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.
March 26, 2024

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S
March 24, 2024

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
Spotify
Multiple - USA Careers

NCAA Wants to End Prop Betting on College Sports. Will It Succeed?

The announcement comes just days after the NBA began investigating a prop scandal.
March 26, 2024

NBA Investigating Raptors Center Jontay Porter Over Suspicious Prop Bets

The league is looking into ‘multiple instances of betting irregularities’ in recent months, ESPN reported.
March 26, 2024

Grading Ohtani’s Explanation: ‘I Would Give It an A’

A crisis management expert gives his reaction to Front Office Sports.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
March 25, 2024

Ohtani Emphatically Denies Any Knowledge of Translator’s Gambling

The MLB superstar insists his former translator has engaged in ‘theft and fraud.’
March 25, 2024

Ohtani Will Address Betting Situation. Will He Provide Clarity?

MLB said an investigation into the betting scandal is underway,
March 22, 2024

The Gambling Scandals Are Only Beginning

What is coming next after Shohei Ohtani is so much worse.
March 22, 2024

Bookie at Center of Ohtani Scandal Reportedly Encouraged Belief Star Was a Client

Mathew Bowyer is said to have allowed customers to think Ohtani bet with him, to boost business.